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FinTech

The middle east blockchain ecosystem “Crypto oasis” is expected to reach 1000+ organisations target by Q2 2022

March 10, 2022

Key Highlights: The epicenter of the ecosystem - DMCC (Dubai Multi Commodities Center)  hosts now more than 230 Blockchain-specific organisations…

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Financial Results

Saudi January industrial output sees third highest rise in 3 years

March 10, 2022

Increased oil output has driven Saudi Industrial Production Index in January to increase by 11.1 percent on an annual basis,…

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Comment & Analysis

Saudi job market bounces back with most employers looking to hire

March 10, 2022

The job market in Saudi Arabia has bounced back from the pandemic slowdown with 79 percent of employers feeling positive…

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Financial Results

Saudi IT firm Arab Sea swings into profit in 2021 as revenue more than doubles

March 10, 2022

Saudi IT firm Arab Sea Information System Co. swung into SR21.5 million ($5.7 million) profit in 2021 as revenue doubled.…

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Uncategorized

Fearing West's wrath, Russia's rich look to stash wealth in Dubai

March 10, 2022

Rich Russians are trying to shift some of their wealth from Europe to Dubai to shield assets from a tightening…

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Comment & Analysis

Islamic finance industry set for continued growth in 2022 despite challenges

March 10, 2022

The Islamic finance sector is set to continue growing in 2022 as the accelerating economic recovery, particularly in the GCC…

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Comment & Analysis

Profitability of UAE banking sector recovers amidst cautionary winds as deposits outpace loans in 2021

March 10, 2022

The profitability of the UAE’s banking sector has recovered significantly in 2021 as the economy continued to bounce back from…

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Legal

Lebanon central bank seeks names of those who failed to repatriate funds amid crisis

March 10, 2022

Lebanon’s central bank has asked commercial banks to provide the names of political figures who failed to comply with a…

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Comment & Analysis

NB report: The looming risks of global stagflation

March 10, 2022

Qatar National Bank (QNB) expected in its weekly report that the Covid-19 pandemic and the Russian-Ukrainian conflict may become catalysts…

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FinTech

Dubai adopts first law regulating virtual assets

March 10, 2022

Dubai has adopted the first law of its kind in the emirate that regulates virtual assets, Sheikh Mohammed bin Rashid,…

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FinTech

NBO Suite of Solutions Offer Customers Seamless Digital Payments

March 10, 2022

Continuing to deliver best-in-class digital solutions, National Bank of Oman’s (NBO) has equipped its customers with more ways than ever…

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Islamic Finance

Saudi Arabia issue $7bln sukuk in March, Kingdom's debt offices says

March 10, 2022

Saudi Arabia’s National Debt Management Center, also known as NDMC, issued a new Saudi riyal-denominated Sukuk worth around SR26.2 billion…

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